JBT Marel (NYSE:JBTM) Upgraded at Zacks Research

Zacks Research upgraded shares of JBT Marel (NYSE:JBTM) from a hold rating to a strong-buy rating in a report released on Monday morning,Zacks.com reports.

JBTM has been the topic of a number of other research reports. Jefferies Financial Group upgraded shares of JBT Marel from a “hold” rating to a “buy” rating and upped their price objective for the stock from $150.00 to $180.00 in a report on Wednesday, December 10th. Weiss Ratings restated a “hold (c-)” rating on shares of JBT Marel in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, JBT Marel presently has a consensus rating of “Buy” and a consensus price target of $174.50.

JBT Marel Price Performance

JBTM stock opened at $154.87 on Monday. The firm has a market cap of $8.05 billion, a P/E ratio of -153.34, a P/E/G ratio of 1.62 and a beta of 0.97. The firm’s fifty day moving average is $158.54 and its 200 day moving average is $146.53. JBT Marel has a 52 week low of $90.08 and a 52 week high of $170.19. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.58 and a current ratio of 0.98.

JBT Marel (NYSE:JBTM) last posted its quarterly earnings results on Monday, February 23rd. The company reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.06. JBT Marel had a negative net margin of 1.33% and a positive return on equity of 7.68%. The company had revenue of $1.01 billion during the quarter. During the same quarter in the prior year, the company earned $1.70 earnings per share. The company’s quarterly revenue was up 115.6% compared to the same quarter last year. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. Research analysts predict that JBT Marel will post 5.21 earnings per share for the current year.

JBT Marel Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Monday, March 9th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Monday, March 9th. JBT Marel’s dividend payout ratio (DPR) is presently -39.60%.

Insiders Place Their Bets

In other news, CEO Brian A. Deck sold 8,634 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $150.51, for a total transaction of $1,299,503.34. Following the completion of the transaction, the chief executive officer owned 127,667 shares in the company, valued at $19,215,160.17. This trade represents a 6.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Olafur S. Gudmundsson sold 10,000 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $150.09, for a total value of $1,500,900.00. Following the completion of the sale, the director owned 9,980 shares in the company, valued at $1,497,898.20. This represents a 50.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 28,634 shares of company stock worth $4,314,303. 0.69% of the stock is currently owned by insiders.

Hedge Funds Weigh In On JBT Marel

Institutional investors have recently added to or reduced their stakes in the company. Salomon & Ludwin LLC purchased a new stake in shares of JBT Marel in the third quarter valued at $25,000. Eurizon Capital SGR S.p.A. bought a new position in JBT Marel during the 4th quarter valued at about $25,000. First Horizon Corp purchased a new stake in JBT Marel in the 3rd quarter worth about $27,000. UMB Bank n.a. purchased a new stake in JBT Marel in the 3rd quarter worth about $27,000. Finally, Steward Partners Investment Advisory LLC bought a new stake in JBT Marel in the second quarter worth about $28,000. Hedge funds and other institutional investors own 98.92% of the company’s stock.

About JBT Marel

JBT Marel Corporation provides technology solutions to food and beverage industry in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It offers value-added processing that includes chilling, mixing/grinding, injecting, blending, marinating, tumbling, flattening, forming, portioning, coating, cooking, frying, freezing, extracting, pasteurizing, sterilizing, concentrating, high pressure processing, weighing, inspecting, filling, closing, sealing, end of line material handling, and packaging solutions to the food, beverage, and health market.